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are you saying that terrorists and their sympathisers were not affected by demonetization? Would be great to see some sources for your "debunked many times over

are you saying that terrorists and their sympathisers were not affected by demonetization? Would be great to see some sources for your "debunked many times over" statement.

axiom92 8y ago
Terrorist and their sympathizers will be affected if demonetization happens again, like anyone else who has cash. The bigger question is whether it has helped in curtailing the menace.
- riantogo 8y ago
  There was a large number of fake new bills in circulation within 3 months. So the answer is, no, it had almost no impact in curtailing the menace. But hey look, the fruit vendor is accepting PayTM wallet (a large chunk of which is owned by China) so it must have been a huge success.
  - axiom92 8y ago
    Huge success for PayTM indeed.
noufalibrahim 8y ago
Sure they were. As were prostitution rings and other such things. They were affected because everything was. I remember at the time, people hailed this as a "surgical strike". Given the collateral damage, it was more like indiscriminate carpet bombing. India's economy is hugely cash driven and to suck out 80% of that in a single night was an economic shock. The aims were changed repeatedly. Black money, digital transactions, recapitalising idle assets etc. I don't really buy any of that but I'm willing to give the government the benefit of the doubt. Now that it's, for all practical purposes, proven to be a failure, they should accept responsibility for it.
pkphilip 8y ago
The number of terrorist attacks has only increased after demonitisation. There is no evidence whatsoever for even a single point made in support of demonitisation. The use of cash has increased, counterfeiting of notes is still high, terrorists are not out of cash etc. https://www.ndtv.com/india-news/less-cash-less-terrorism-more-formal-economy-do-the-governments-claims-of-notes-ban-success-add-up-1745291 https://www.ndtv.com/india-news/less-cash-less-terrorism-mor...

are you saying that terrorists and their sympathisers were not affected by demonetization? Would be great to see some sources for your "debunked many times over" statement.

axiom92 8y ago

Terrorist and their sympathizers will be affected if demonetization happens again, like anyone else who has cash. The bigger question is whether it has helped in curtailing the menace.

riantogo 8y ago
There was a large number of fake new bills in circulation within 3 months. So the answer is, no, it had almost no impact in curtailing the menace. But hey look, the fruit vendor is accepting PayTM wallet (a large chunk of which is owned by China) so it must have been a huge success.
- axiom92 8y ago
  Huge success for PayTM indeed.

noufalibrahim 8y ago

Sure they were. As were prostitution rings and other such things. They were affected because everything was. I remember at the time, people hailed this as a "surgical strike". Given the collateral damage, it was more like indiscriminate carpet bombing. India's economy is hugely cash driven and to suck out 80% of that in a single night was an economic shock. The aims were changed repeatedly. Black money, digital transactions, recapitalising idle assets etc. I don't really buy any of that but I'm willing to give the government the benefit of the doubt. Now that it's, for all practical purposes, proven to be a failure, they should accept responsibility for it.

pkphilip 8y ago

The number of terrorist attacks has only increased after demonitisation. There is no evidence whatsoever for even a single point made in support of demonitisation. The use of cash has increased, counterfeiting of notes is still high, terrorists are not out of cash etc. https://www.ndtv.com/india-news/less-cash-less-terrorism-more-formal-economy-do-the-governments-claims-of-notes-ban-success-add-up-1745291 https://www.ndtv.com/india-news/less-cash-less-terrorism-mor...